iOS app Android app

Vikram Pandit

Citigroup Job Cuts: Could Citi Be Headed For Buyout Or Government Takeover?

Huffington Post | Dave Burdick | Posted 05.25.2011 | Business

All weekend, the media has been atwitter with the rumor of enormous impending job cuts at Citigroup. This morning, Clusterstock reports that Citigroup...

Grayson Grills Citigroup CEO (VIDEO)

American News Project | Posted 05.25.2011 | Politics

CEOs of the biggest bailed-out banks finally appeared before Congress. Over the course of a seven-hour hearing, there were remarkably few revealing mo...

Flying Coach: Geithner Part Of Growing Bigwig Trend

Huffington Post | Julie Satow | Posted 05.25.2011 | Business

It all started with the Big Three Detroit automakers, when they took corporate jets to Washington to plead for a taxpayer bailout. But now, as pro...

Does Obama Know What He Is Doing?

Paul Jenkins | Posted 05.25.2011 | Politics
Paul Jenkins

Let's not lose sight of the fact that, like Cheney, these political and business leaders all think they know what they are doing.

Citigroup And The Credit Card

Christopher Brauchli | Posted 05.25.2011 | Business
Christopher Brauchli

As credit card holders who carry unpaid balances know, most credit card companies reserve the right to raise interest rates at most any time for most any reason.

Citigroup CEO: I Understand How People "Would Be Furious At What Happened"

Reuters | Posted 05.25.2011 | Business

NEW YORK - Citigroup Inc Chief Executive Vikram Pandit on Tuesday blamed prior management for diving too deeply into real estate, causing losses that ...

How Much Should Citigroup CEO Vikram Pandit Make?

New York Times | Posted 05.25.2011 | Business

Sarah Anderson, a director at the Institute for Policy Studies, is an advocate of aggressive pay curbs and isn't likely to buy into an eight-figure in...

Flashback: "Citigroup's Self-Immolation and the Beginning of the Eclipse of American Style Capitalism"

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Sorry, I was wrong ten months ago. The Citigroup bell has not tolled. The rot at the heart of American capitalism continues unabated.

Saudi Prince Alwaleed Bin Talal Has Full Confidence In Citigroup (VIDEO)

CNBC | Posted 05.25.2011 | Business

Saudi Prince Alwaleed bin Talal says he has "full confidence" in Citigroup CEO Vikram Pandit and believes the bank's financial problems will resolve t...

Citigroup Sale Under Consideration: Bank Looking At All Options

Wall Street Journal | Posted 05.25.2011 | Business

Executives at Citigroup Inc., faced with a plunging stock price, began weighing the possibility of auctioning off pieces of the financial giant or eve...

Letter From Rep. Waxman To Banks Questions Ethics Of Using Taxpayer Funds For Bonuses

Posted 05.25.2011 | Business

Below is the text of a letter sent on October 28, 2008 from Rep. Henry Waxman, chairman of the Committee on Oversight and Government Reform, to the he...

Pandit Rejected Goldman Sachs' Takeover Offer, Rumor Says

DealBook | Posted 05.25.2011 | Business

In yet another example of the backchannel maneuvering that preceded the federal government's bailout of the financial sector, Goldman Sachs' chief Llo...

Wall Street Journal Redraws Business Leaders' Headshots To Reflect Tough Times

CJR | Ryan Chittum | Posted 05.25.2011 | Media

Even The Wall Street Journal's famed stipple portraits (known internally as "hedcuts") aren't immune from the bummer that is the credit crisis. Here'...

Citigroup's $800 Million Misfire

The New York Times | Eric Dash | Posted 05.25.2011 | Business

What do you call a hedge fund that has no outside investors? Closed. Vikram S. Pandit, Citigroup's chief executive, knows that answer all too well. O...

Citi Merger "A Mistake," Says Dealmaker

Financial Times | Francesco Guerrera | Posted 05.25.2011 | Business

The landmark merger that created Citigroup was a "mistake" that failed to benefit the financial services conglomerate's investors, customers and emplo...

Citi CEO Spins Foreign Bailout Money

New York Post | Paul Tharp | Posted 05.25.2011 | Business

Vikram Pandit's winding up his 100-day, globetrotting honeymoon as Citigroup's would-be savior by yesterday writing a love note to all employees to as...

Citigroup's Job Cuts Could Exceed 30,000

CNBC | Charlie Gasparino | Posted 05.25.2011 | Business

Citigroup's job cuts could reach 30,000 or more over the next year and a half because of increasing writedowns from subprime-related debt, CNBC has le...

Citigroup CEO Scores $26.7 Million In Stock, 3 Million Options

Reuters Via USA Today | Jonathan Stempel | Posted 05.25.2011 | Business

Citigroup (C) awarded Chief Executive Vikram Pandit $26.7 million worth of shares and 3 million stock options six weeks after he took over the largest...

Top Banks Prepare To Slash Jobs

CNBC | Posted 05.25.2011 | Business

After geting burned by billions of dollars in losses from the mortgage meltdown, financial giants like Merrill Lynch and Citigroup are gearing up for ...